The Europe trolley bus market size was worth US$ 765.4 Million in the year 2022 and is expected to reach US$ 999.1 Million by the year 2029 at a CAGR of 2.7% between 2022 and 2033.
Key Takeaways from Europe Trolley Bus Market
- The Electric + Battery (dual powered) section is expected to witness a CAGR of 3.1% between 2022 and 2029. This could be credited to an upsurge in sales of electric vehicles. It is estimated that including dual powered trolley buses would enhance urban transport. Extensive research is being conducted in this regard.
- Local Commute Transportation contributes for maximum revenue. This, in turn, calls for adoption of trolley bus over private cars all across Europe.
- France is poised to grow on a remarkable note in Europe Trolley Bus Market due to rising demand for public transport, especially as a replacement to electric buses.
- Ukraine was known for majority of passengers using Trolley Bus. However, war with Russia have rendered the chances bleak.
Tram buses are renowned for having minimal emissions and low noise levels. Without a doubt, this component complies with the strict pollution-reduction criteria established in Europe. They are also a better choice than electric buses because they don’t need big batteries. Motion charging implies that it is both affordable and secure for the environment.
Two-fuel capable tram buses are currently being developed. These buses are more efficient than regular tram buses since they can turn with ease on a limited road. Additionally, it is anticipated that the European tram bus industry will remain robust in the near future because to the demand for low-emission passenger transit buses in smart cities like Berlin, Paris, and London.
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Tram buses generate only 1.2 mg of NOx per km, compared to 18.6 gm for diesel-powered buses, according to research by WIT Press. Implementing tram buses can therefore be considered as a good choice to safeguard the environment. In order to obtain tram bus parts or components, the larger companies are developing agreements with a number of small businesses, which could open up new market opportunities.
These specifics and potential opportunities are covered in the Future Market Insights research study titled “Europe Trolley Bus Market”. The group of analysts and consultants in this case applied the bottom-up approach.
The fact that tram buses preserve environmental friendliness “is likely to take Europe’s tram bus market by storm in the forecast period,” claims a researcher from Future Industry Insights.
Competitive Trolley Bus
The key participants of Europe Trolley Bus Market include Construcciones y Auxiliar de Ferrocarriles, S.A., OJSC “Holding Managing Company “Belkommunmash”, SKODA Transportation a.s., Kiepe Electric GmbH, Carrosserie Hess AG, and Bohdan Motors JSC.
Trolley Bus Market By Category
By Bus:
- 12 M
- 18 M
By Application:
- Local Commute Transportation
- Amusement Parks
- Auxiliary Purpose
By Technology:
- Pure Electric
- Dual Powered (Electric + Battery)
Country:
- Russia
- Germany
- K.
- Italy
- Spain
- France
- Greece
- Nordic
- BENELUX
- Ukraine
- Romania
- Rest of Europe
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What does the Report enclose?
- The research study is based on bus (12 M and 18 M), by application (local commute transportation, amusement parks, and auxiliary purpose), by technology (pure electric and dual powered (electric + battery), and by country (Russia, Germany, UK, Italy, Spain, France, Greece, Nordic, BENELUX, Ukraine, Romania, and Rest of Europe).
- With governments of Europe investing in motion charging bus infrastructure on consistent basis, Europe trolley bus market is expected to grow well in the near future.
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